BUSINESS

The Bank of Japan (BOJ) may need to adjust its ultra-easy policy if inflation keeps exceeding its forecast, such as by replacing its yield cap with a looser reference range for long-term interest rates, a former central bank executive said on Wednesday.

China's Tianqi Lithium Corp will sell its shares for between HK$69 and HK$82 ($8.79-$10.45) each for a Hong Kong listing which could raise up to $2 billion, said two sources with direct knowledge of the matter.

Aquaculture drives aquatic food yields to new high

FedEx Corp's new chief executive on Wednesday will lay out long-term growth plans for the global shipping firm that is grappling with cooling economies, rampant inflation and pressure from both an activist investor and unhappy delivery contractors.

Uber Technologies Inc and Australia's main transport union agreed on Tuesday to back a federal body that enforces minimum pay for the company's drivers, joining a global thawing of relations between the ride-hailing giant and industrial bodies.

Issuers of bonds that raise cash for "green" projects should voluntarily apply industry standards to avoid hoodwinking investors, Britain's Financial Conduct Authority (FCA) said on Wednesday.

Pakistan said on Tuesday that it has received economic and financial targets from the International Monetary Fund (IMF) that once agreed and ratified should pave the way for multilateral lender to unlock a suspended bailout programme.

UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had raised $25 million to fund expansion, primarily in the United States.

Britons are shifting to cheaper food alternatives in their supermarket shopping as they try to navigate a worsening cost of living crisis, industry data showed on Tuesday.

Norway will support a plan by airline SAS to convert debt into equity under certain conditions but does not plan to remain a long-term stakeholder, Industry Minister Jan Christian Vestre said on Tuesday.

OPEC's oil revenue surged in 2021 as prices and demand recovered from the worst of the COVID pandemic, while the number of its members' active rigs posted a modest rebound and new completed wells declined, data from the group showed.

The White House said on Tuesday that companies are planning to invest more than $700 million to boost U.S.

The European Central Bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone states, two sources told Reuters.

Climate activists from Peru to Uganda are descending on Deutsche Bank's headquarters in Frankfurt this week to call on Germany's largest lender to stop financing fossil fuel companies.

In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system.

Even for a veteran meme stock trader like Mike Minutelli, Revlon Inc is a wild bet.

By Claudia Cristoferi and Silvia AloisiBusinessman Leonardo del Vecchio, who has died aged 87, created the glasses company that owns brands including Ray-Ban and used his billions to become one of the most influential figures in Italian finance.

Billionaire Italian eyewear mogul Del Vecchio dead at 87

Prices for spot crude in much of the world are rising on strong demand and a supply crunch, but in the oil futures market, worries of a recession have kept a lid on values.

U.S. stock index futures edged higher on Monday, setting up Wall Street to extend gains from the previous week after a slide in commodity prices eased worries of prolonged inflation.

Turkey's troubled lira rallies on 'backdoor capital controls'

Russia denies defaulting on debts

Britain, like much of Europe, is suffering from rocketing inflation and stagnant economic growth, raising the prospect of a summer of strikes across the continent.

Toyota Motor Corp and Suzuki Motor Corp on Friday said they would begin production of hybrid vehicles in India, a category that Toyota has said is currently best suited to such markets.

If you were hoping this was all a bad dream, take a deep breath.

The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan's largest pension manager to run Asia's first climate change-focused fund worth a total $2.3 billion in assets.

The Bank of Japan must closely watch the impact currency moves could have on the economy, its deputy governor Masayoshi Amamiya said on Friday, reiterating a warning over the damage the currency's fall to 24-year lows may have on a fragile recovery.

British consumers cut back on shopping in May in the face of fast-rising inflation, and a measure of their confidence sank to a record low this month, according to data that underscored the scale of the cost-of-living squeeze.

India's retail inflation is likely to breach the mandated inflation target band of 2-6% for three straight quarters but is showing indications of peaking, Reserve Bank of India deputy governor Michael Patra said on Friday.